Managed currency

Updated: Aug 20, 2021

A currency is said to be managed if the exchange rate is not fixed by free market forces, i.e. if the government influences the rate by buying and selling its own money or other means. Most currencies are managed in some sense today, even when they are allowed to float.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.